Malton 1Q net profit jumps four times on gain from a revoked deal
KUALA LUMPUR (Nov 20): Malton Bhd saw its net profit for the first financial quarter ended Sept 30, 2017 (1QFY18) surge four times year-on-year to RM25.
Too premature to ascertain luxury development freeze on JV projects — SD Property
KUALA LUMPUR (Nov 20): Sime Darby Property Bhd, which would be listed on Nov 30, said it will evaluate the effects of newly-announced federal government freeze on luxury properties, on its joint-venture projects.
Eligible house loan applicants will not be rejected, says Association of Banks in Malaysia
KUALA LUMPUR (Nov 20): The Association of Banks in Malaysia (ABM) has reiterated that its member banks “have been and will continue to” provide home loans to all eligible borrowers, said the association in a statement issued today to rebut claims that commercial banks are imposing strict rules on home loan applicants.
PDP tender for KL-Singapore HSR to be called on Nov 22
KUALA LUMPUR (Nov 20): A tender to appoint the project delivery partner (PDP) for the Kuala Lumpur-Singapore high speed rail (HSR) project will be called on Nov 22.
Lack of clarity an issue in development freeze directive
PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.
JKG Land and BMS Organics hold ‘Go Green Live Healthy’ event
PETALING JAYA (Nov 20): JKG Land and BMS Organics held a ‘Go Green Live Healthy’ event on Saturday (Nov 18) at The ERA development located at Duta North, Jalan Segambut.
MACC: Probe into FIC's Kuching hotel deal ‘in final stage’
KUALA LUMPUR (Nov 20): The Malaysian Anti-Corruption Commission (MACC) is at the final stage of its investigation into Felda Investment Corp’s (FIC) purchase of a Kuching hotel, says the organisation’s chief commissioner Tan Sri Dzulkifli Ahmad, The New Straits Times (NST) reported on Saturday.
Rate hike to come on the back of a stronger ringgit
KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.
‘Brace for rate hikes next year’
KUALA LUMPUR (Nov 20): As the Malaysian economy put its foot on the gas pedal in the third quarter of the year, the strong growth has given the central bank more flexibility to adjust interest rates.
